4//SEC Filing
Ramji Al Noor 4
Accession 0001209191-21-009834
CIK 0001207074other
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 6:30 PM ET
Size
12.6 KB
Accession
0001209191-21-009834
Insider Transaction Report
Form 4
VIRTUSA CORPVRTU
Ramji Al Noor
Director
Transactions
- Disposition to Issuer
Non-Qualified Stock Option
2021-02-11−2,665→ 0 totalExercise: $34.27→ Common Stock (2,665 underlying) - Disposition to Issuer
Non-Qualified Stock Option
2021-02-11−5,723→ 0 totalExercise: $14.63→ Common Stock (5,723 underlying) - Disposition to Issuer
Common Stock
2021-02-11−30,670→ 0 total - Disposition to Issuer
Non-Qualified Stock Option
2021-02-11−5,518→ 0 totalExercise: $15.22→ Common Stock (5,518 underlying)
Footnotes (3)
- [F1]This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger, dated as of September 9, 2020 (the "Merger Agreement"), by and among Austin HoldCo Inc., Austin BidCo Inc. ("Sub"), and the Issuer, pursuant to which Sub merged with and into the Issuer (the "Merger") effective as of February 11, 2021 (the "Effective Time"). At the Effective Time, each issued and outstanding share of common stock of the Issuer and each unvested restricted stock unit held by the reporting person was cancelled and converted into the right to receive $51.35 in cash without interest and net of any withholding of taxes thereon.
- [F2]Includes 5,980 unvested restricted stock units.
- [F3]Pursuant to the Merger Agreement, at the Effective Time, each Closing Company Stock Award (as defined in the Merger Agreement) that is unexpired, unexercised, and outstanding and vested as of immediately prior to the Effective Time was cancelled and extinguished and, in exchange therefor, each former holder of any such Closing Company Stock Award has right to receive an amount in cash equal to the product of (i) the aggregate number of shares of the Issuer's Common Stock subject to such Closing Company Stock Award immediately prior to the Effective Time and (ii) $51.35 per share, less any per share exercise or purchase price of such Closing Company Stock Award, net of applicable withholding taxes and without interest.
Documents
Issuer
VIRTUSA CORP
CIK 0001207074
Entity typeother
Related Parties
1- filerCIK 0001512028
Filing Metadata
- Form type
- 4
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 6:30 PM ET
- Size
- 12.6 KB